Ameriprise Financial Inc. reduced its stake in shares of First Financial Corp. (NASDAQ:THFF) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,120 shares of the company’s stock after selling 4,430 shares during the period. Ameriprise Financial Inc. owned 1.81% of First Financial Corp. worth $8,061,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Aperio Group LLC acquired a new stake in shares of First Financial Corp. during the first quarter valued at about $339,000. Acadian Asset Management LLC acquired a new stake in shares of First Financial Corp. during the second quarter valued at about $715,000. Quotient Investors LLC acquired a new stake in shares of First Financial Corp. during the second quarter valued at about $615,000. Smith Asset Management Group LP increased its stake in shares of First Financial Corp. by 68.3% in the second quarter. Smith Asset Management Group LP now owns 9,360 shares of the company’s stock valued at $343,000 after buying an additional 3,800 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of First Financial Corp. by 29.3% in the second quarter. LSV Asset Management now owns 139,553 shares of the company’s stock valued at $5,110,000 after buying an additional 31,599 shares in the last quarter. 51.98% of the stock is currently owned by institutional investors.
First Financial Corp. (NASDAQ:THFF) traded up 0.30% during midday trading on Thursday, reaching $40.48. The company had a trading volume of 12,954 shares. The firm has a market capitalization of $493.25 million, a P/E ratio of 13.63 and a beta of 0.97. The stock’s 50 day moving average price is $40.58 and its 200-day moving average price is $37.30. First Financial Corp. has a one year low of $31.15 and a one year high of $41.98.
First Financial Corp. (NASDAQ:THFF) last released its quarterly earnings results on Monday, July 25th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.07. First Financial Corp. had a net margin of 25.81% and a return on equity of 7.68%. On average, equities research analysts anticipate that First Financial Corp. will post $3.08 earnings per share for the current year.
THFF has been the topic of several research analyst reports. Zacks Investment Research downgraded First Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Keefe, Bruyette & Woods raised their price target on First Financial Corp. from $35.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th.
In other First Financial Corp. news, Director William J. Voges sold 21,000 shares of First Financial Corp. stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $40.25, for a total value of $845,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.86% of the stock is currently owned by company insiders.
About First Financial Corp.
First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. It operates in the banking segment. The Company is the holding company of First Financial Bank, N.A.
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